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of <h1>India and Brunei Darussalam formalize tax information exchange and assistance agreement, effective January 30, 2020.</h1> The Government of India has formalized an agreement with Brunei Darussalam for the exchange of tax-related information and assistance in tax collection, effective January 30, 2020. This agreement, signed on February 28, 2019, facilitates cooperation between the two nations in tax administration and enforcement, covering various taxes imposed by both governments. It includes provisions for information exchange, confidentiality, and mutual assistance in tax collection. The agreement also outlines the procedures for handling tax claims and defines the scope of cooperation, ensuring compliance with respective domestic laws while maintaining confidentiality of exchanged information.
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